Home Mortgage Loan Financing

Home Mortgage Loan Learning Center

LOAN SERVICING DISCLOSURE

Mortgage-Broker.gif

Loan Servicing Disclosure Statement

A loan servicing disclosure statement is a document given at the time of closing from the lender informing you that they have the right to sell your mortgage loan to another party. Selling a home loan is a very common practice that will likely happen to your loan during it's financing. Consumers are often become nervous when their loan is sold as there is the fear the terms of their loan will change and they'll have a higher monthly payment.

The National Affordable Housing Act. (NAHA) was written to address these concerns. The NAHA requires those servicing your loan to disclose what the anticipated costs of servicing your home loan for the next twelve months. The act further requires the mortgage servicing company to provide a yearly statement

Although every effort has been made to keep this information accurate, the information provided by the First Arkansas Financial website is provided for information purposes only. First Arkansas Financial makes no warranties or representations about the completeness or accuracy of the information provided in the content found in the First Arkansas Financial website. The information contained within may or may not apply to your specific situation, and it should not be construed as financial advice. Because financial requirements are continually changing, please consult a mortgage professional with any questions you may have. First Arkansas Financial Inc. is a mortgage broker that provides home loan financing services in the following states: Arkansas, Missouri and Texas.

●Home ●Learning Center ●Loan Center ●Services ●Ask Us ●About Us